Nifty Midcap 100: Elliott Wave forecast

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Nifty Midcap 100 weekly chart


Nifty Midcap 100 is moving in a positive trend as none of it's previous lows have breached since 2008 crash. Also as far as continuation of higher highs and higher lows are intact the trend remains positive.

From Wave perspective, prices are moving in wave 4 after completing wave 3 in five wave structure. In wave 4 it has completed wave A in a Diametric pattern and have started moving higher in form of wave B which can surge minimum 80% from the end of wave 3. This suggests that prices are positively poised.

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NHAI
FADA
21 September 2020 at 14:56
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